DOMO Stock Slumps 35% After Disappointing Earnings and Guidance

DOMO stock

Cloud computing may be the way to go, but not all businesses are doing as well as the others. One of the companies in this space is Domo Inc (NASDAQ:DOMO), and since the company went public in June 2018, DOMO stock has proven to be an extremely volatile one.

Back in March, DOMO stock had touched an all-time high of around $47, but since then, the stock has plunged by as much as 65%, and the Q2 2019 results did not bring much cheer either.

Disappointing Quarter

The company hit $41.7 million, which reflected ...

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